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DeFi

Paris, France, August 6th, 2024, Chainwire 
Today, leading enterprise-grade staking platform <a href="https://www.kiln.fi/" rel="noopener noreferrer nofollow" target="_blank">Kiln</a>, announces the launch of Kiln DeFi, a new service for Kiln’s integrators. Kiln DeFi enables integrators to facilitate stablecoin rewards by providing seamless access to leading DeFi lending protocols like Aave, Morpho, and Compound. Using this infrastructure allows integrators to easily provide their users access to&nbsp;stablecoin rewards offered by DeFi lending protocols through native workflows within their wallets or platforms. Kiln DeFi enhances its recent initiatives by simplifying access to restaking, enabling Kiln dApp users to generate additional value from their digital assets in all market conditions.
After years of collaborating with integrators, the Kiln team has gained a deep understanding of the challenges they encounter, such as limited front-end resources and a lack of staking and DeFi expertise. To address these issues, Kiln has recently launched the <a href="https://widget.devnet.kiln.fi/" rel="noopener noreferrer nofollow" target="_blank">Kiln Widget</a>, allowing customers to integrate within a day using just five lines of code.
The first integrator to launch with Kiln DeFi is Crypto.com DeFi Wallet, a leading non-custodial crypto wallet focused on providing access to DeFi protocols. This collaboration highlights the practical benefits and seamless integration capabilities that integrators can leverage using the Kiln DeFi infrastructure.
<blockquote>
 Laszlo Szabo, Kiln Co-Founder and CEO reacted to the announcement saying: “Access to non-custodial reward opportunities for stablecoins is a crucial next step in our vision to democratize digital asset value creation. By allowing our customers to seamlessly facilitate rewards through blue-chip borrowing and lending protocols, we are eliminating another layer of complexity for users and our integrators and empowering them to access the benefits of DeFi.”
</blockquote>
<blockquote>
 Esther Wong, Senior Vice President of Product at Crypto.com, said: “The integration with Kiln DeFi represents another significant step forward in our commitment to providing our users with greater transparency and easier access to DeFi opportunities. Offering more stablecoin reward options will further empower our users to earn yield on their assets with confidence and ease.”
</blockquote>
According to <a href="https://defillama.com/stablecoins" rel="noopener noreferrer nofollow" target="_blank">Defi Llama</a> the total market capitalization of stablecoins reached $162 billion in July 2024, the highest level since May 2022. This is indicative of a broad increased interest in the stablecoin market. With recent market conditions, DeFi protocol stablecoin reward rates reached 20% representing an attractive opportunity for users and Kiln’s integrators.&nbsp;
Currently, earning rewards on stablecoins requires users to interact directly with DeFi lending protocols, which can be complicated, burdensome, and pose security risks for many users. Alternatively, users can opt for custodial or actively managed products, which may increase regulatory risk and associated fees. Kiln DeFi addresses these challenges by offering integrators a solution that seamlessly manages the complexities of engaging with DeFi lending protocols.
The launch of Kiln DeFi follows the recent close of Kiln’s $17M funding round led by 1kx and the opening of its APAC Headquarters in Singapore.
About Crypto.com
Founded in 2016,&nbsp;Crypto.com&nbsp;is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™.&nbsp;Crypto.com&nbsp;is committed to accelerating the adoption of cryptocurrency through innovation.
Learn more at&nbsp;<a href="https://crypto.com/" rel="noopener noreferrer nofollow" target="_blank">https://crypto.com</a>.
About Kiln 
Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $8.6 billion in crypto assets being programmatically staked and running over 4% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type 2 certified. 
<h5>Contact</h5>Junior Consultant Jacob McGoldrick Kiln kiln@cw8-communications.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Kiln launches Kiln DeFi to enable stablecoin rewards, starting with Crypto.com (6 Aug)

Chainwire

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